Get the Jump on Spring

Spring is proven to be a traditionally busy time for the real estate market, as most people hold off listing their home for sale through Winter, preferring to wait until the weather is warmer, there are more people out and about, and their homes present better to prospective buyers.

You’re about to be bombarded with tips for how to give your home a ‘Spring clean’ in order to achieve the highest selling price. This is all well and good, but how about some tips for the buyers? We’ve got one that should be at the top of your list – get a finance pre-approval before you go out house hunting.

You may have a realistic budget in mind, but what is that based on? Is that based on what you think you can afford, or on what you’d like to afford?

Your best bet is to arrange an appointment with one of our brokers to go through all the details up front. Then you know a realistic budget so you can go about your house-hunting with peace of mind.

Having a pre-approval in place can also be of great help when it comes to having an offer accepted. In a highly competitive housing market, it could be the thing that sets you apart from other similar offers on the table in front of the sellers. If they know you have already been pre-approved, they may be more likely to accept your offer over others, even if yours isn’t the highest.

Of course, this depends on a lot of different factors, but if they are wanting to sell quickly and are hoping for a fast settlement, they may opt to accept the offer that has as less barriers as possible to having finance approved. Pre-approval is by no means an unconditional approval, but as you’ve done a lot of the leg-work upfront by having all your information in order, the actual finance application process should be relatively smooth sailing.

So, while all the home owners are out raking up their leaves and cleaning their windows, come and have a chat with us and get your pre-approval sorted, so you can hit the ground running with a solid budget allowing you to make a confident offer on your next dream home!

 

 

 * All lending subject to status and lenders criteria. Terms & conditions apply. This document contains general information only. Your own personal circumstances have not been considered and you should seek independent financial advice prior to making any decision on a financial product.